But, you know, my understanding is that, you know, that would still be part of your analysis of a company.

Yeah, well, to your point, although I'm woke, uh, you don't wanna be identified as woke, especially if you're talking to certain areas of, of North America.

So absolutely, we kinda scrub the terminology.

We're making it far less front and center.

We are obviously looking at ESG issues from a materiality lens, so where we think it's impactful to evaluation framework, for sure.

But it's not being weighted to the same extent as it would within our Global Sustainable Fund where companies may be, you know, falling out of our, our shortlist if they don't meet and don't exceed certain criteria from an ESG perspective.

So really the Energy Transition Fund is looking for that exposure to the theme.

Right

Would love to hear a little bit more under the hood, if you will, on how you're thinking about the opportunity set.

Absolutely.

Uh, so I mean, as, as you're quite aware and, and most investors are aware, uh, the AI, uh, supply chain has been driving most of the returns in the market of late, uh, and that is likely to continue.

It'll be either sort of, you know, the AI data center related trade or the opposite, right? I mean, people will position favorably when it's working and, and when they think there's a, a little hiccup, um, will position or rotate into other areas of the market.

Um, but certainly, you know, a lot of what we're interested in does play directly into that supply chain.

So if you think of any new facility, I mean, data centers are just one example, but you start with permitting, right? So we would look for companies that help to get those permits, and those are increasingly problematic to get.

So it becomes more complex.

So I would love for you to talk about the value you see in this space from both a financial and sustainability standpoint.